5 Best Apps of the Week: Moleskine’s Crazy Gorgeous New Calendar App + More!
This Saturday I can’t promise you all a long weekend :( but I CAN promise you five awesome apps you need in your life or at least need to be able to talk about at brunch with your cool friend who knows a lot about apps. I’m basically just asking you guys if you have brunch plans and if I can be that cool friend. Think about it and get back to me, but first, discover new downloads that will save you a trip to the doc, find you a travel companion, a dress or an answer to your organizational prayers.
1. PolkaDoc: I’m not even going to front — I have MADE doctors appointments with the explicit goal to get a new subscription for birth control pills. It happens. This new download uses a secure service to hook you up with that prescription for a $15 e-visit that includes you recording a short video and answering health questions. The toughest thing here is that you’ll need to know your blood pressure. Everything else you can pretty much do from your desk at work. Wow, your coworkers are going to think you’re on a really weird dating app. Anyways, real deal docs will review your request and follow standard protocol to approve it and if all is kosher, it will be ready at your pharmacy in one business day.
2. Moleskine Timepage: With the bold statement that this is “the most elegant calendar for your pocket and wrist,” (Evernote, Sunrise, let’s get ready to rumble!) your go-to co for jotting down notes is joining the app game and you’ll be glad they did.
As timeless as Moleskine’s paper products are, this new app IS pretty damn elegant, syncing your digital calendars and showing them off in one continuous, easily digestible flow. Sweet little illustrations pack a practical punch of crucial info you might need for your meetings, like directions and weather conditions. Input new events as easy as typing in Drinks With the Girls at 6pm and, you know it, see it all on your Apple Watch.
DL It: $4.99 on iOS
3. Telegram with Aniways: Are you all like, “Ah, elegant productivity apps?! I don’t want to adult today!” Well, nbd, ‘cause I have just the download for you — how ‘bout a keyboard that adds stickers and animations while you’re typing?! As kooky as this app looks, it too has a practical edge. Not only will it offer up boozy emoticons when you text your friend, “Want to have a drink?” It will also suggest places nearby for said drink(s). Cheers to that.
4. Style Lend: We’ve been keeping tabs on this website that essentially grants you access to your stylish neighbors’ closets so it’s exciting to see it in app form. Like a community-run Rent the Runway, Style Lend lets you look through and list designer dresses in nearby closets so you can rent a (new) friend’s frock or list your own and make some dough along the way. Find the perfect dress for your upcoming event, request it and you’ll be put in a little chatroom with its owner so you can arrange a pickup. They’ll take care of dry cleaning, the selfie of you in the dress on the dancefloor at your cousin’s wedding is all you.
DL It: Free on iOS
5. TravelBud: Whether you’re traveling with a group or flying solo, this app wants to help you hook up with people on a similar journey. Just like those you-know-who dating apps, you set up a profile (which can be you, you + your boo, you + your crew or whomever it is you travel with on the regular) and fine people going places — literally the ones you’re in or going to as well. Sure, sure, it’s tough not to think of this new social network as “Tinder for Travel Companions, tagline: Stop wandering, you’ve found the lust” but you *could* use this to find fellow adventurers while globetrotting in a strictly platonic sense as well.
DL It: Free on iOS
What was your favorite app of recent download? Share the best thing on your phone right now with us below!
Welcome to Selfmade Finance School, our new money series with Block Advisors to help small business owners with their tax, bookkeeping, and payroll needs year-round. This week, we explore the tax implications of bringing family members into your business.
The question for today is this: Does hiring your family members make sense for your business? Let me be clear. This is not a piece about whether hiring your family members makes sense for your relationships with those family members. As someone who is part of a family business, I could fill up a lot more than 600 words on my opinions about that. For today's purposes, we focus on whether it makes sense from an overall "good business and tax implication" perspective. As it turns out, there is a decent amount of tax nuance when it comes to employing your family. Let's break it down based on relationship to the employee:
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Spouses Who Are In Business Together
Personally, if I had to be in business with my husband, it would not go well. However, many couples build viable, strong businesses together and I say, good for them! Depending on how you have your business entity structured, it will make a big difference on the tax treatment of you and your spouse working as partners. Because a business jointly owned and operated by a married couple is generally treated as a partnership for Federal tax purposes, the spouses must comply with filing and record keeping requirements imposed on partnerships and their partners. The election to file two Schedule C (Form 1040) forms, (one for each spouse) permits certain married co-owners to avoid filing partnership returns, provided that each spouse separately reports a share of all the businesses' items of income, gain, loss, deduction, and credit. Under the election, both spouses will be subject to self-employment tax and on net earnings from self-employment and receive credit for Social Security earnings.
One Spouse Employs Another
If you have a dynamic where your spouse is an employee of your business, then your spouse's wages are subject to income tax withholding, Social Security and Medicare taxes. If you are self-employed (not a corporation or a partnership), your spouse's pay does not have to be included in your federal unemployment tax account (FUTA) contributions and payments. However, if your business is a corporation or a partnership you must include that spouse's pay in your unemployment tax contribution calculation.
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You Employ Your Child
First, let's be clear. I work in my family business, but I am an adult, so I am treated just like a normal employee. However, if you, for example, run a family restaurant and want to hire your children under 18 to work for you, there are some tax benefits. But first, you should check with your state for rules on how many hours minors can work (in non-agricultural jobs) and reference the Fair Labor Standards Act for information on limitations on the kinds of work children can perform.
"This is an often overlooked or under-utilized strategy. Paying your children for true services they provide in your business can be a powerful tax-saving tool," says Cathi Reed, Block Advisors Regional Director. "If you are a sole-proprietorship or single member LLC, and the child is less than 18 years of age, the business is not required to withhold FICA or payroll taxes. The child can use his or her standard deduction against income you pay."
You Hire Your Parent
Oh dear. If you are brave enough to do this, know that you will need to pay Social Security and Medicare taxes on your parent's wages and make the appropriate withholdings, but you don't have to pay unemployment taxes. Now all you have to do is convince your parent that you are the boss. Have fun with that!
Is Hiring Family Members Worth It For The Tax Benefits?
"There are some positive tax advantages to hiring family members. It's important to treat a family member like any other employee. Hiring your children can result in substantial savings for businesses. Make sure your child has real, age-appropriate work to do and a reasonable pay rate, comparable to other employees. Consult with a Block Advisors small business certified tax pro to ensure that you are complying with all requirements," advises Reed. "Block Advisors, a team within H&R Block, is dedicated to meeting the tax, bookkeeping and payroll needs of small business owners year-round. To start working with the tax experts at Block Advisors, visit blockadvisors.com."
In my opinion, you should not hire a family member solely because of the tax benefits. You should always hire based on whether that person is right for the job and keep in mind how this hire could materially impact your relationship with that person and others in your family. Finally, as I mentioned, make sure you have a tax professional on your team when making these determinations. As you can see, things can get a little tricky!
*All details were sourced from IRS.gov and blockadvisors.com